Trading and Selling - Revision history

Jester: /* Displaying goods to others */

2010-06-20T00:44:21Z

‎Displaying goods to others

Jester at 18:05, 19 June 2010

2010-06-19T18:05:31Z

Jester: /* Treasure vault duties */

2010-05-02T21:46:35Z

‎Treasure vault duties

Jester: /* Displaying goods to others */

2009-12-27T00:38:28Z

‎Displaying goods to others

Jester at 22:40, 18 October 2009

2009-10-18T22:40:34Z

Jester: Proof-reading changes

2009-10-15T22:48:56Z

Proof-reading changes

Show changes

Jester: Proof-reading changes

2009-10-15T22:35:11Z

Proof-reading changes

Jester: Protected "Trading and Selling" [edit=sysop:move=sysop]

2009-10-09T05:51:07Z

Protected "Trading and Selling" [edit=sysop:move=sysop]

Jester at 22:14, 27 September 2009

2009-09-27T22:14:24Z

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Jester: New page: This is the place for the Trading and Selling guide which will be added soon. Stay tuned!

2009-09-27T16:25:15Z

New page: This is the place for the Trading and Selling guide which will be added soon. Stay tuned!

New page

This is the place for the Trading and Selling guide which will be added soon. Stay tuned!

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 The third generally employed method of selling items consists of a forum thread with a well-structured list that shows the items you offer. Just make a post in the public section of your group forums, and use a formatting tool to format your treasury - and group storage, if you wish to sell consumables too. These tools are called item converters or market stall tools and can format an item list in a way, so that it is easier to find wanted items. Links and further tutorials for these tools can be found in the fan site entry [[Fanpages]] or in the game forum.
-All these converters work nearly the same. First of all you must go to your Treasure Vault and click on one of the options (you typically want "csv") on the top right corner. This will open up another window which lists all items using a special formatting. The whole content of this popup must now be copied and pasted into the item converter. Then there is normally a link for processing the copied text and generating the output with the desired structured item list. This final list can then be added to a thread in the forum. Repeat this for your Group Storage if desired. The BBcode option generates a list that can be used right away in the WoD forums, but it’s a quick and dirty list with little detail.
+All these converters work nearly the same. First of all you must go to your Treasure Vault and click on one of the options (you typically want "csv") on the top right corner (see also [[Hero - Link Lists|Link Lists]]). This will open up another window which lists all items using a special formatting. The whole content of this popup must now be copied and pasted into the item converter. Then there is normally a link for processing the copied text and generating the output with the desired structured item list. This final list can then be added to a thread in the forum. Repeat this for your Group Storage if desired. The BBcode option generates a list that can be used right away in the WoD forums, but it’s a quick and dirty list with little detail.
 Just one more hint before your eagerness overwhelms you. After creating your group market stall take a look at the generated list once more. This time you should remove all items that you don't plan to sell. It is always annoying if you ask a merchant for a listed item and he answers that it isn't for sale. You don't want that to happen as buyer so please try to do it properly as seller. Another trick consists of putting reagents and grafting materials in the GS before export. Because those two types of items aren't consumables you get a nice and seperated list without them being disappearing in the mass of pocket items of your TV.

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 == <span style="color:gold">Group storage duties</span> ==
-All you have to do here is make note of what your teammates use in dungeons, and maintain a steady supply of their needed consumables if you can. It is also a good idea to keep items the group will use later on, so that these consumables are available right when they are needed. Unused items can be sold or traded away. So for example, you can probably sell all arrows if you don't have an archer or hunter using bows, but should keep black powder and bullets for your blunderbuss archer, if there is one in your group.
+All you have to do here is make note of what your teammates use in dungeons, and maintain a steady supply of their needed consumables if you can. It is also a good idea to keep items the group will use later on, so that these consumables are available right when they are needed. Unused items can be sold or traded away. So for example, you can probably sell all arrows if you don't have an archer or hunter using bows, but should keep black powder and bullets for your blunderbuss archer, if there is one in your group. See also [[Hero - Group Storage and Treasure Vault]].
 == <span style="color:gold">Treasure vault duties</span> ==
-Valuable Treasure Vault-items that your group does not need can be placed on the marketplace or auction, or can be advertised on publicly viewable displays of your group's treasure vault (see [[#Displaying goods to others|Displaying goods to others]]) to attract players who will spot desired items and approach you with an offer. Always make sure that you aren't undercutting yourself with a sale, or trying to sell too high - look around to compare it, or ask in the appraisals forum if you're unsure of an item's worth. With a little effort, you'll quickly be able to appraise more mundane items fairly accurately by yourself.
+Valuable Treasure Vault-items that your group does not need can be placed on the marketplace or auction, or can be advertised on publicly viewable displays of your group's treasure vault (see [[#Displaying goods to others|Displaying goods to others]]) to attract players who will spot desired items and approach you with an offer. Always make sure that you aren't undercutting yourself with a sale, or trying to sell too high - look around to compare it, or ask in the appraisals forum if you're unsure of an item's worth. With a little effort, you'll quickly be able to appraise more mundane items fairly accurately by yourself. See also [[Hero - Group Storage and Treasure Vault]].
 == <span style="color:gold">Marketplace and auction</span> ==

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 == <span style="color:gold">Treasure vault duties</span> ==
-Valuable Treasure Vault-items that your group does not need can be placed on the marketplace or auction, or can be advertised on publicly viewable displays of your group's treasure vault (see [[#Displaying goods to others]]) to attract players who will spot desired items and approach you with an offer. Always make sure that you aren't undercutting yourself with a sale, or trying to sell too high - look around to compare it, or ask in the appraisals forum if you're unsure of an item's worth. With a little effort, you'll quickly be able to appraise more mundane items fairly accurately by yourself.
+Valuable Treasure Vault-items that your group does not need can be placed on the marketplace or auction, or can be advertised on publicly viewable displays of your group's treasure vault (see [[#Displaying goods to others|Displaying goods to others]]) to attract players who will spot desired items and approach you with an offer. Always make sure that you aren't undercutting yourself with a sale, or trying to sell too high - look around to compare it, or ask in the appraisals forum if you're unsure of an item's worth. With a little effort, you'll quickly be able to appraise more mundane items fairly accurately by yourself.
 == <span style="color:gold">Marketplace and auction</span> ==

← Older revision		Revision as of 00:38, 27 December 2009
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	Another way to display items to other can also be found in the Royal Marketplace forum. There are two subforums called "Buying Board" and "Sales Bazaar". The first one can be used to state what items you are currently looking for. The second one offers a chance to list some top items you want to sell. This subforum normaly draws more attention than the Adventurers Riches and you can show your highlights more easily than in a big list.		Another way to display items to other can also be found in the Royal Marketplace forum. There are two subforums called "Buying Board" and "Sales Bazaar". The first one can be used to state what items you are currently looking for. The second one offers a chance to list some top items you want to sell. This subforum normaly draws more attention than the Adventurers Riches and you can show your highlights more easily than in a big list.
		+
		+	There is also an overview just to keep track of own items on the market and on auction. It can be found in the navigation and can be accessed here: Bazar - My Sales.

	== <span style="color:gold">Purchasing goods from others</span> ==		== <span style="color:gold">Purchasing goods from others</span> ==

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 Finally, being a group merchant will entail some degree of common sense. This point I cannot possibly stress enough. A merchant without common sense will blindly follow the recommended prices, and probably do something daft like putting a thick club on the marketplace for 12,000 gold. (Common sense would dictate that a thick club is a pretty lousy item, and isn't worth very much at all.) So getting a feeling for fitting prices is one of the most important attributes of a good merchant. Buyers will always buy an item at lowest price available - on the other hand you shouldn't sell off the more valuable items for nothing, just to get some gold. There is always a trade-off between those two facts, not to mention that prices also change over time.
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 Another motivation for buying items is reselling, which isn't that popular in World of Dungeons and needs a lot of experience in pricing. This means that a merchant buys items his group doesn't need, just for the purpose of selling them again at a higher price. The profit is rather low most of the times so you need a lot of sales to make it worth it. A merchant using this routine can become really unpopular, be it because of his high prices or just based on the fact that players don't like this strategy. Don't ever forget that this constantly raises all prices and you will also have to pay more for getting things you need, so do it sparingly.
 = <span style="color:gold">Section 3 - Miscellaneous</span> =
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 <span style="color:orange"><big>'''Thanks go to Veridian. This guide is an extended and adjusted version of Veridian’s merchant guide.'''</big></span>

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 == <span style="color:gold">What is a merchant?</span> ==
-A merchant in World of Dungeons is a player who buys and sells the items of his group. Most organised groups will have and should have a merchant. Their general aims are to make a profit in gold, acquire item upgrades and provide gold for raising skills. This is all done for the group so this job is not meant to only support own heroes. On rare occasions a merchant is merely a single players that attempts to do the same thing for him, usually with items from minis or just items that they find in dungeons. The concept stays the same, however - profit.
+A merchant in World of Dungeons is a player who buys and sells the items of his group. Most organised groups will and should have a merchant. Their general aim is to make a profit in gold, acquire item upgrades and provide gold for raising skills. This is all done for the group so this job is not meant to only support one's own heroes. On rare occasions a merchant is merely a single players that attempts to do the same thing for him, usually with items from minis or just items that they find in dungeons. The concept stays the same, however - profit.
 == <span style="color:gold">Why should all groups have a merchant?</span> ==
-If everyone in a group simply does whatever they please with their items, generally this will result in poorly made sales by those unfamiliar with the merchant job, and most likely, a large gap between group members, where some may have a lot of money, and others will be struggling. One merchant can take all the loose drops and such from a group, make a profit, and use it to push the whole group, rather than one or two members. It's usually assumed that the one player is willing to pay more attention to the task, thus will make more money in total than would be made by allowing everyone to just FP (sell for fixed price) their findings. Besides that it is way easier for a single person to get and keep a good overview of common prices and items that aren't needed by the group.
+If everyone in a group simply does whatever they please with their items, generally this will result in poorly made sales by those unfamiliar with the merchant job, and most likely, a large gap between group members, where some may have a lot of money, and others will struggle. One merchant can take all the loose drops and such from a group, make a profit, and use it to improve the group as a whole. It's usually assumed that the one player is willing to pay more attention to the task and will make more money in total than would be made by allowing everyone to just sell their findings at fixed price ("FP the items"). Besides that it is way easier for a single person to get and keep a good overview of common prices and items that aren't needed by the group.
-In short - A competent group merchant will make the entire group better in the long run.
+A competent group merchant will make the entire group better in the long run.
 == <span style="color:gold">What does being a group merchant involve?</span> ==
-The very bare bone basic job of being a group merchant simply involves selling off drops that are no use to your group. So a merchant is mainly responsible for sorting out all items the group possesses in the Group Storage and Treasure Vault. You will need to be at least a group representative, so you can unflag group items in the treasure vault for trading. With the profits, you will be buying needed items and assisting group members who require gold to raise skills properly.
+The very basic job of being a group merchant simply involves selling off drops that are no use to your group. So a merchant is mainly responsible for sorting out all items the group possesses in the Group Storage and Treasure Vault. You will need to be at least a group representative, so that you can unflag group items in the treasure vault for trading. With the profits, you will be buying needed items and assisting group members who require gold to raise skills properly.
-Depending on how fast you are, assuming you clean out your group's vault or treasury only once a week, this will take around one or two hours of your time each week. The needed time solely depends on how much effort you put in, so perhaps you need even longer, if you want to do a perfect job. Real maniacs browse the market, auctions, forum and chat constantly to not miss items that his group needs or that can be sold again for even more gold.
+Depending on how quickly you work, assuming you clean out your group's vault or treasury only once a week, this will take around one or two hours of your time each week. The needed time solely depends on how much effort you put in, so perhaps you need even longer, if you want to do a perfect job. Real maniacs browse the market, auctions, forum and chat constantly to not miss items that his group needs or that can be resold for profit.
 The group merchant will be in charge of most of the group's gold, so it's a very responsible position. Some merchants even manage to pile up gold into the millions. The amount of gold a group possesses is often called "group fund". Therefore, a group merchant is one of the most valuable people in the group, at least if a good job is done. The merchant should, of course, be someone that the group leader can trust. It is also important that the group can track current activities, which can be achieved by keeping a running tally of the group's total gold to hand. Communication within the group and with other merchants will also be very important.
-One main rule of trading is that the buyer sets the price. You are bound to the amount of gold he will offer and pay. So you either accept his price suggestion or you convince him that your price is more reasonable. This also leads to the fact that each know price and price suggestion are worth nothing if there are no buyers that pay that much. The other way round, you can make even more profit if a buyer wants to pay a higher price.
+One main rule of trading is that the buyer sets the price. You are bound to the amount of gold he will offer and pay. So you either accept his price suggestion or you convince him that your price is more reasonable. This also leads to the fact that the known prices and price suggestions are worth nothing if there are no buyers that pay that much. The other way round, you can make even more profit if a buyer wants to pay a higher price.
-Finally, being a group merchant will entail some degree of common sense. This point I cannot possibly stress enough. A merchant without common sense will blindly follow the recommended prices, and probably do something daft like putting a thick club on the marketplace for 12,000 gold. (Common sense would dictate that a thick club is a pretty lousy item, and isn't worth very much at all.) So getting a feeling for fitting prices is one of the most important attributes of a good merchant. Buyers will always buy an item at lowest price available - on the other hand you shouldn't sell off the more valuable items for nothing, just to get some gold. There is always a trade-off between those two facts and prices also change over time.
+Finally, being a group merchant will entail some degree of common sense. This point I cannot possibly stress enough. A merchant without common sense will blindly follow the recommended prices, and probably do something daft like putting a thick club on the marketplace for 12,000 gold. (Common sense would dictate that a thick club is a pretty lousy item, and isn't worth very much at all.) So getting a feeling for fitting prices is one of the most important attributes of a good merchant. Buyers will always buy an item at lowest price available - on the other hand you shouldn't sell off the more valuable items for nothing, just to get some gold. There is always a trade-off between those two facts, not to mention that prices also change over time.
 = <span style="color:gold">Section 2 - Basic duties</span> =
-The whole merchant task requires a very good overview of the classes and the used items of your group members. You also need to know the current prices of as many items as possible. Some of them are rather worthless and they should be sold for fixed price, the 'current price' listed in item details, right away. You should aim to sell useless trash for its fixed-price ("FP it") - things that no one in your group will ever use, and items that few people would buy - as such items will bring in little to no profit when you attempt to sell them on the market. This also provides fast gold with no big effort. On the other side there are items that are worth selling at a high profit over the market, auction, forum or chat. Getting to know these details needs a lot of experience and some activity at watching all the other offers.
+The whole merchant task requires a very good overview of the classes and the used items of your group members. You also need to know the current prices of as many items as possible. Some of them are rather worthless and they should be sold for fixed price, the 'current price' listed in item details, right away. You should aim to sell useless trash for its fixed-price ("FP it") - things that no one in your group will ever use, and items that few people would buy - as such items will bring in little to no profit when you attempt to sell them on the market. This also provides fast gold for little effort. On the other side there are items that are worth selling at a high profit over the market, auction, forum or chat. Getting to know these details needs a lot of experience and some time spent watching all the other offers.
-A merchant needs to know two main things. First of all there is the need to know strength and value of an item. This enables the merchant to decide if the item is worthless, rare and how strong the current demand will be. Besides that the current situation on the game world also has a great influence on the real price. You can imagine the best prices, which are worthless if there is no buyer that will pay that much. To get a first price suggestion you need to combine your personal rating of an item with the current prices that are paid for it, if known.
+A merchant needs to know two main things. First of all there is the need to know the strength and value of an item. This enables the merchant to decide if the item is worthless, rare and how strong the current demand will be. Besides that the current situation on the game world also has a great influence on the real price. You can imagine the best prices, which are worthless if there is no buyer that will pay that much. To get a first price suggestion you need to combine your personal rating of an item with the current prices that are paid for it, if known.
 == <span style="color:gold">Group storage duties</span> ==
-All you have to do here is make note of what your teammates use in dungeons, and maintain a steady supply of their needed consumables if you can. It is also a good idea to keep items the group will use later on, so that these consumables are available right when they are needed. Unused items can be sold or traded away. So you can probably sell all arrows if you don't have an archer or hunter using it, but should keep black powder and bullets for your blunderbuss archer, if there is one in your group.
+All you have to do here is make note of what your teammates use in dungeons, and maintain a steady supply of their needed consumables if you can. It is also a good idea to keep items the group will use later on, so that these consumables are available right when they are needed. Unused items can be sold or traded away. So for example, you can probably sell all arrows if you don't have an archer or hunter using bows, but should keep black powder and bullets for your blunderbuss archer, if there is one in your group.
 == <span style="color:gold">Treasure vault duties</span> ==
 The more valuable items of your Treasure Vault that your group does not need, can be placed on the marketplace or auction, or you can keep a publicly viewable display of your group's treasure vault (See the 'Displaying goods to others' section for more information) in hopes that players will spot desired items and approach you with an offer.
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 Finally, when setting an auction price, don't be greedy and set the starting price at what you want to sell the item for, or even start at the FP value. Setting a price that is too high will result in no one bidding and you will loose gold because of the fee. Even more painful is the fact that you need to pay another fee to set the same item on auction again at a lower price. Draw attention to your auctions via the town crier to get people to consider looking for them. Don't spam the crier with messages though, anyone that is going to look at it will see it, there's no need to be rude by flooding everyone else's messages off it.
-== <span style="color:gold">Displaying goods to others</span> ==
+== <span style="color:gold" id="Displaying goods to others">Displaying goods to others</span> ==
 The third generally employed method of selling items consists of a forum thread with a well-structured list that shows the items you offer. Just make a post in the public section of your group forums, and use a formatting tool to format your treasury - and group storage, if you wish to sell consumables too. These tools are called item converters or market stall tools and can format an item list in a way, so that it is easier to find wanted items. Links and further tutorials for these tools can be found in the fan site entry [[Fanpages]] or in the game forum.

← Older revision	Revision as of 05:51, 9 October 2009
(No difference)